NNFM Income Statement - TTM - Northern Nigeria Flour Mills Plc

Income Statement (TTM)

Northern Nigeria Flour Mills Plc Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	10,710	10,290	8,668	10,326	12,334	13,576	15,233	16,060	15,462	17,629	16,162	17,882	21,061	24,231	25,951	28,792	33,899	33,678	35,392	33,260
Change (%)		-3.92	-15.76	19.13	19.45	10.07	12.20	5.43	-3.73	14.02	-8.32	10.65	17.78	15.05	7.10	10.95	17.74	-0.65	5.09	-6.03
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	9,607	8,680	7,893	9,419	11,352	12,304	14,186	14,981	14,284	15,615	15,049	15,615	19,130	19,682	22,458	26,038	29,862	31,740	30,266	27,613
Change (%)		-9.65	-9.07	19.33	20.52	8.39	15.30	5.60	-4.65	9.32	-3.63	3.77	22.51	2.88	14.11	15.94	14.68	6.29	-4.64	-8.76
% of Revenue	89.70	84.36	91.06	91.21	92.04	90.63	93.13	93.28	92.38	88.58	93.11	87.32	90.83	81.23	86.54	90.44	88.09	94.24	85.52	83.02

Gross Operating Profit	1,103	1,610	775	907	982	1,272	1,047	1,080	1,178	2,014	1,113	2,267	1,932	4,549	3,493	2,754	4,037	1,939	5,127	5,647
Change (%)		45.96	-51.87	17.10	8.28	29.51	-17.73	3.16	9.07	71.04	-44.72	103.63	-14.80	135.52	-23.22	-21.17	46.60	-51.98	164.45	10.14
% of Revenue	10.30	15.64	8.94	8.79	7.96	9.37	6.87	6.72	7.62	11.42	6.89	12.68	9.17	18.77	13.46	9.56	11.91	5.76	14.48	16.98

SG&A	524	602	570	667	758	874	611	581	760	1,557	693	1,589	745	2,893	1,192	547	1,420	-1,275	1,769	2,334
Change (%)		15.04	-5.43	17.10	13.67	15.24	-30.06	-5.00	30.83	104.97	-55.52	129.39	-53.11	288.29	-58.81	-54.08	159.61	-189.80	-238.74	31.91
% of Revenue	4.89	5.85	6.57	6.46	6.15	6.44	4.01	3.62	4.91	8.83	4.29	8.89	3.54	11.94	4.59	1.90	4.19	-3.79	5.00	7.02

R&D
Change (%)
% of Revenue

OpEx	9,977	9,642	8,361	9,993	12,004	13,073	14,922	15,709	15,192	17,333	15,776	17,240	19,918	22,618	23,631	26,552	30,747	28,810	32,505	30,438
Change (%)		-3.36	-13.29	19.52	20.12	8.91	14.14	5.28	-3.29	14.09	-8.98	9.28	15.54	13.56	4.48	12.36	15.80	-6.30	12.83	-6.36
% of Revenue	93.16	93.71	96.46	96.78	97.32	96.29	97.96	97.82	98.26	98.32	97.61	96.41	94.57	93.34	91.06	92.22	90.70	85.54	91.84	91.52

Operating Income	732	647	307	333	330	503	311	351	270	297	386	643	1,143	1,613	2,321	2,240	3,152	4,868	2,887	2,822
Change (%)		-11.60	-52.64	8.57	-0.84	52.45	-38.17	12.75	-23.16	9.97	30.17	66.52	77.89	41.06	43.90	-3.48	40.71	54.47	-40.70	-2.26
% of Revenue	6.84	6.29	3.54	3.22	2.68	3.71	2.04	2.18	1.74	1.68	2.39	3.59	5.43	6.66	8.94	7.78	9.30	14.46	8.16	8.48

Interest Expense	-340	-313	-179	-190	-176	-167	-130	-80	-63	-20	-26	-18	-10	-40	-23	-29	-22	-17	-14	-0
Change (%)		-7.93	-42.97	6.11	-7.25	-5.31	-22.00	-38.54	-21.26	-68.52	31.03	-29.37	-43.79	292.17	-42.38	23.16	-23.16	-21.70	-19.68	-99.57
% of Revenue	-3.18	-3.05	-2.06	-1.84	-1.43	-1.23	-0.85	-0.50	-0.41	-0.11	-0.16	-0.10	-0.05	-0.17	-0.09	-0.10	-0.06	-0.05	-0.04	-0.00

Net Income	364	328	70	84	97	245	81	166	104	185	273	537	1,042	1,491	1,526	1,441	2,363	4,089	1,745	1,693
Change (%)		-9.93	-78.69	20.53	15.48	151.74	-67.07	106.26	-37.72	78.58	47.42	96.83	94.01	43.14	2.32	-5.57	63.98	73.05	-57.32	-2.99
% of Revenue	3.40	3.19	0.81	0.82	0.79	1.80	0.53	1.04	0.67	1.05	1.69	3.00	4.95	6.15	5.88	5.00	6.97	12.14	4.93	5.09

Source: Capital IQ

Northern Nigeria Flour Mills Plc - Income Statement (TTM)

Income Statement (TTM)